This quiz works best with JavaScript enabled. Home > General Knowledge > Economy > Banking > Banking Awareness And Sebi – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 4 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. India's central banking institution, which controls the monetary policy of the Indian rupee. A) Bombay Stock Exchange. B) Reserve Bank of India (RBI). C) Central Bank of India. D) Govt. of India. Show Answer Correct Answer: B) Reserve Bank of India (RBI). 2. On which rate bases, overnight money is needed by bank from RBI? A) Bank rate. B) Repo rate. C) Reverse repo. D) MSF. Show Answer Correct Answer: D) MSF. 3. RBI uses bank rate in order to control ..... A) Liquidity. B) Cash holdings of banks. C) Financial position of banks. D) Money supply, volume of bank credit and cost of bank credit. Show Answer Correct Answer: D) Money supply, volume of bank credit and cost of bank credit. 4. Which one of the following is known as the recession occurring two times with a small gap in between? A) Double-dip Recession. B) Double Inflation. C) Deep Recession. D) Deflation. Show Answer Correct Answer: A) Double-dip Recession. 5. SEBI has been imposed a restriction on money flow in equity through 'P-notes'. What is the full form of 'P-notes'? A) Purchase notes. B) Participatory notes. C) Private notes. D) Permanent notes. Show Answer Correct Answer: B) Participatory notes. 6. Lead Bank Scheme (LBS) was introduced in.....? A) June, 1965. B) December, 1969. C) April, 1997. D) June, 2008. Show Answer Correct Answer: B) December, 1969. 7. Credit risk to the bank is high from which of these card A) ATM cards. B) Debit cards. C) Credit cards. D) All of the above. Show Answer Correct Answer: C) Credit cards. 8. The name 'Bluetooth' gets its name from a 10th century king of? A) Denmark. B) Thailand. C) Greece. D) China. Show Answer Correct Answer: A) Denmark. 9. A promissory note that is not secured by any collateral or not secured by a mortgage or lien marked on any property is .....instrument. A) Commercial bill. B) Debenture. C) Bill of exchange. D) Currency bill. Show Answer Correct Answer: B) Debenture. 10. In which year "Oudh Commercial Bank" was formed? A) 1891. B) 1889. C) 1881. D) 1884. Show Answer Correct Answer: C) 1881. 11. Which organization provides credit history of the borrowers? A) CII. B) IRDA. C) CIBIL. D) FRBI. Show Answer Correct Answer: C) CIBIL. 12. In which year "ICICI Bank" was formed? A) 1997. B) 1998. C) 1996. D) 1995. Show Answer Correct Answer: C) 1996. 13. In which year "State Bank of India" was formed? A) 1965. B) 1945. C) 1955. D) 1975. Show Answer Correct Answer: C) 1955. 14. Which of the following fall under the qualitative method of credit control adopted by Reserve bank of India A) Moral suasion. B) Selective credit control. C) Credit authorization scheme. D) All of the above. Show Answer Correct Answer: D) All of the above. 15. When did the nationalisation of major banks happen? A) June, 1955. B) June, 1959. C) July, 1969. D) June, 1951. Show Answer Correct Answer: C) July, 1969. 16. An award of Banking Ombudsman is A) An order on the Bank. B) An appeal to the bank. C) A judicial decision. D) An arbitrary order. Show Answer Correct Answer: C) A judicial decision. 17. RBI runs a monetary museum, where is situated..... A) Madhya Pradesh. B) Karnataka. C) Delhi. D) Maharashtra. Show Answer Correct Answer: D) Maharashtra. 18. Nainital Bank is a subsidiary of which of the following banks? A) Bank of Baroda. B) Reserve Bank of India. C) Syndicate Bank. D) State Bank of India. Show Answer Correct Answer: A) Bank of Baroda. 19. If a bank needs to attract Provident Fund Deposits, what are the criteria that banks must possess? A) Capital adequacy of 9 %. B) Profitability in preceding 3 years. C) Minimum of Rs.200 crores as net worth. D) All of the above. Show Answer Correct Answer: D) All of the above. 20. Reserve Bank of India (RBI) has decided to issue .....denomination coins to commemorate International Yoga Day which is being observed every year on 21 June. A) 10 rupee. B) 5 rupee. C) 100 rupee. D) 1 rupee. Show Answer Correct Answer: A) 10 rupee. 21. Money market is a market for A) Short term. B) Long term. C) Medium term. D) It is a one day lending and borrowing market. Show Answer Correct Answer: A) Short term. 22. Reserve Bank of India does not perform the role of A) Bank of Bank. B) Issue of Currency. C) To accept money from public. D) Bank of Government. Show Answer Correct Answer: C) To accept money from public. 23. RBI grants "in-principle" approval to Reliance Industries Limited to set up Payments Banks in the country. To which among the following RIL has partnered with for Payment Bank Licence? A) LIC. B) SBI. C) Bajaj Capital. D) Apollo Munich. Show Answer Correct Answer: B) SBI. 24. Accounts are allowed to be operated by cheques in respect of A) Both Savings bank accounts and loan accounts. B) Savings bank accounts and current accounts. C) Both Current accounts and fixed deposit accounts. D) Both Savings bank accounts and fixed deposit accounts. Show Answer Correct Answer: B) Savings bank accounts and current accounts. 25. Bank rate policy, open market operations, variable reserve requirements and statutory liquidity requirements as measures of credit control are classified as A) Qualitative methods. B) Quantitative methods. C) Weighted average method. D) None of the above. Show Answer Correct Answer: B) Quantitative methods. 26. Which of the following is the oldest Joint Stock Bank of India? A) Bank of India. B) Patiala Bank. C) Bank of Baroda. D) Allahabad Bank. Show Answer Correct Answer: D) Allahabad Bank. 27. Deposits mobilised by the banks are utilised for A) Loans and advances. B) Investment in commercial paper, shares, debentures up to stipulated ceilings. C) Investment in government and other approved securities in fulfilment of liquidity stipulation. D) All of the above. Show Answer Correct Answer: D) All of the above. 28. Issuing credit cards is a component of A) Retail Banking. B) Micro finace. C) Rural banking. D) Corporate Banking. Show Answer Correct Answer: A) Retail Banking. 29. Banking Industry has been declared as public utility service for purpose of A) Banking regulation Act, 1949. B) Negotiable Instruments Act, 1881. C) Industrial Disputes Act. D) Reserve bank of India Act, 1934. Show Answer Correct Answer: C) Industrial Disputes Act. 30. The Stock Exchange Board of India was set up by a Special Act in .....? A) 1983. B) 1975. C) 1991. D) 1988. Show Answer Correct Answer: D) 1988. 31. Whom with Primary Dealers deal in both primary and secondary markets? A) Corporate Bonds. B) Debentures. C) Equities. D) Government Securities. Show Answer Correct Answer: D) Government Securities. 32. Public sector banks are ..... A) Payments Bank. B) Non-scheduled banks. C) Scheduled commercial banks. D) None of these. Show Answer Correct Answer: C) Scheduled commercial banks. 33. Fixed deposits are for the bank .....? A) Fixed asset. B) Time liability. C) Demand liability. D) All of the above. Show Answer Correct Answer: B) Time liability. 34. Which of the following is known as narrow money? A) M3. B) M1. C) M4. D) M2. Show Answer Correct Answer: B) M1. 35. The Basic Savings Bank Deposit Account (BSBDA) issued by banks is offered to which of the following customers? A) Farmers. B) Students. C) Self Help Group members. D) All the customers. Show Answer Correct Answer: D) All the customers. 36. Provident Funds Act..... A) 1955. B) 1935. C) 1945. D) 1925. Show Answer Correct Answer: D) 1925. 37. Which of the following is not a function of General Insurance? A) Medical Insurance. B) Crop Insurance. C) Fire Insurance. D) Cattle Insurance. Show Answer Correct Answer: A) Medical Insurance. 38. Which one of the following is open for public inspection and copying? A) FCRA. B) FACTA. C) FDCPA. D) FOIA. Show Answer Correct Answer: D) FOIA. 39. Which Bank has opened its first branch in South Korea that is to play an important role in strengthening economic partnership between the two nations? A) SBI. B) ICICI. C) HDFC. D) PNB. Show Answer Correct Answer: A) SBI. 40. The New Capital Adequacy Frame work prescribed for the banks is commonly known as? A) Fiscal Policy. B) KYC norms. C) Credit Policy. D) Basel accord. Show Answer Correct Answer: D) Basel accord. 41. Banking sector comes under which sector? A) Manufacturing sector. B) Industrial sector. C) Realty sector. D) Services sector. Show Answer Correct Answer: D) Services sector. 42. Mutual funds are required to be registered with A) NABARD. B) AMFI. C) SEBI. D) RBI. Show Answer Correct Answer: C) SEBI. 43. What is the time taken for effecting fund transfer from one account to another under RTGS? A) Two hours. B) Three hours. C) Four hours. D) One hours. Show Answer Correct Answer: A) Two hours. 44. Which of the following public sector banks has highest number of branches in India? A) Bank of india. B) Allahabad Bank. C) State bank of India. D) Punjab National Bank. Show Answer Correct Answer: C) State bank of India. 45. Which of the following steps is not required by the user for withdrawing money from ATM? A) Entering PIN. B) Entering account no. C) Inserting ATM card in the card slot. D) All of the above. Show Answer Correct Answer: B) Entering account no. 46. SEBI was established in the year A) 1982. B) 2002. C) 2012. D) 1992. Show Answer Correct Answer: D) 1992. 47. In which year "Imperial Bank of India" was formed? A) 1923. B) 1921. C) 1922. D) 1920. Show Answer Correct Answer: B) 1921. 48. Gilt-edged securities market is the market for government and semi-government securities. These securities carry A) Fixed interest rate. B) Floating interest rate. C) Fixed as well as floating interest rate. D) No interest rate at all. Show Answer Correct Answer: A) Fixed interest rate. 49. Expand the term 'FRBM' A) Fiscal Responsibility and Budget Management. B) Fiscal Responsibility and Business management. C) Financial Responsibility and Budget Management. D) Financial Responsibility and Business management. Show Answer Correct Answer: A) Fiscal Responsibility and Budget Management. 50. The Government of India is planning to revive which of the following types of banks by infusing fresh capital? A) Regional Rural Banks. B) Private Sector Banks. C) Public Sector Banks. D) Developmental Institutes who have converted themselves into Banks. Show Answer Correct Answer: A) Regional Rural Banks. 51. Resurgent India Bonds were issued in US dollar, Pound Sterling and ..... A) Japanese Yen. B) French Franc. C) Deutsche Mark. D) Euro. Show Answer Correct Answer: C) Deutsche Mark. 52. What is the tagline of SBI? A) Working for a better tomorrow. B) You can always bank on us. C) Experience Next Generation Banking. D) Pure Banking Nothing Else. Show Answer Correct Answer: D) Pure Banking Nothing Else. 53. A bond issued at a price less than its face value and payable on its due date at its face value bearing no ROI (Rate of Interest) is called..... A) Perpetual Bond. B) Zero Coupon Bond. C) Preference Bond. D) Convertible Bond. Show Answer Correct Answer: B) Zero Coupon Bond. 54. When the rate of inflation increases? A) Purchasing power of money decreases. B) Purchasing power of money increases. C) Value of money increases. D) Purchasing power of money remains unaffected. Show Answer Correct Answer: A) Purchasing power of money decreases. 55. What is the full form of FCCB? A) Foreign Currency Convertible Bond. B) Foreign Currency Convertible Board. C) Foreign Currency Convertible Bank. D) Foreign Convertible Currency Board. Show Answer Correct Answer: A) Foreign Currency Convertible Bond. 56. What happens if a crossed cheque is presented for payment? A) It cannot be paid at all. B) It can be paid only through a banker. C) It can be paid across the counter in another bank. D) None of the above. Show Answer Correct Answer: B) It can be paid only through a banker. 57. Who is the first women Deputy Governor of Reserve Bank of India? A) Pratibha Advani. B) Kanchan Choudhary Bhattacharya. C) Ranging Kumar. D) K.J. Udeshi. Show Answer Correct Answer: D) K.J. Udeshi. 58. Which is the first bank established in India? A) Bank of Calcutta. B) General Bank of India. C) State Bank of India. D) Bank of Hindustan. Show Answer Correct Answer: D) Bank of Hindustan. 59. World Bank Headquarters is situated in? A) USA. B) Japan. C) India. D) UK. Show Answer Correct Answer: A) USA. 60. Interest payable on savings bank accounts is A) Regulated by Sate Governments. B) Regulated by Finance minister. C) Regulated by RBI. D) Regulated by Central Government. Show Answer Correct Answer: A) Regulated by Sate Governments. ← PreviousNext →Related QuizzesEconomy QuizzesGeneral Knowledge QuizzesBanking Awareness And Sebi Quiz 1Banking Awareness And Sebi Quiz 2Banking Awareness And Sebi Quiz 3Banking Awareness And Sebi Quiz 5Banking Awareness And Sebi Quiz 6Banking Awareness And Sebi Quiz 7Banking Awareness And Sebi Quiz 8Banking Awareness And Sebi Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books